hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in early morning trading Wednesday, to throw the selloff in the more comprehensive stock market, after the business print and sophisticated materials firm claimed it took a minority risk in a maker of elements for batteries used for electric lorries. Financial terms were not disclosed, yet Kodak stated it took the stake in Wildcat Exploration Technologies, which is developing an EV "incredibly cell" that can offer higher than 90% renovation in energy thickness over existing batteries. Kodak stated the investment it made comes with the goal of having Wildcat's "super cell" ready for commercialization in two years. "This investment in Wildcat mirrors Kodak's commitment to building brand-new organizations by leveraging our existing skills and infrastructure," claimed Kodak President Jim Continenza. "Finish substrates is a vital facet of producing batteries as well as nobody is better at finishing than Kodak." Kodak's stock has actually gained 7.3% year to day. The S&P 500 SPX, +1.92%, which was down 1.0% very early Wednesday, has gone down 20.7% this year.

Eastman Kodak Co. stock rises Friday, still underperforms market

The kodak stock quote , +1.64% increased 1.64% to$ 4.96 Friday, on what confirmed to be an all-around positive trading session for the securities market, with the NASDAQ Composite Index COMP, +1.79% rising 1.79% to 11,452.42 and also the Dow Jones Industrial Average DJIA, +2.15% climbing 2.15% to 31,288.26. Eastman Kodak Co. closed $2.96 except its 52-week high ($ 7.92), which the business achieved on August 3rd.

The stock outshined some of its rivals Friday, as Canon Inc. ADR CAJ, +0.94% rose 0.94% to$ 22.62, HP Inc. HPQ, +1.54% climbed 1.54% to $31.66, and FUJIFILM Holdings Corp. ADR FUJIY, +0.99% rose 0.99% to $53.16. Trading quantity (739,475) continued to be 403,162 below its 50-day typical quantity of 1.1 M.

Eastman Kodak (NYSE: KODK) Stock Passes Listed Below 50-Day Relocating Average of $4.83.

Eastman Kodak (NYSE: KODK-- Obtain Ranking)'s stock price went across below its 50 day moving standard during trading on Monday. The stock has a 50 day relocating standard of $4.83 and traded as low as $4.70. Eastman Kodak shares last traded at $4.78, with a quantity of 1,025,146 shares transforming hands.

A variety of equities study experts have actually lately provided records on KODK shares. StockNews.com started protection on Eastman Kodak in a research report on Thursday, March 31st. They established a "sell" score on the stock. TheStreet lowered shares of Eastman Kodak from a "c-" ranking to a "d" score in a research study note on Friday, May 27th.

Business has a fifty day relocating average cost of $4.83 as well as a two-hundred day moving typical price of $4.97. The firm has a market cap of $377.24 million, a PE proportion of 239.00 and also a beta of 4.61. The firm has a debt-to-equity ratio of 0.33, a current proportion of 2.37 as well as a fast ratio of 1.63.

Eastman Kodak (NYSE: KODK-- Obtain Ranking) last published its quarterly profits outcomes on Tuesday, May 10th. The innovation firm reported ($ 0.08) profits per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and also a web margin of 1.28%. The firm had earnings of $290.00 million during the quarter.
Several institutional investors have actually just recently dealt shares of the firm. Amalgamated Bank obtained a new stake in Eastman Kodak during the initial quarter valued at $47,000. PNC Financial Provider Group Inc. elevated its stake in shares of Eastman Kodak by 471.4% throughout the first quarter. PNC Financial Services Team Inc. currently has 8,000 shares of the technology company's stock worth $52,000 after acquiring an added 6,600 shares in the last quarter. Qube Research & Technologies Ltd got a brand-new risk in shares of Eastman Kodak during the fourth quarter valued at about $57,000. Republic Equity Services LLC purchased a new risk in shares of Eastman Kodak in the 1st quarter valued at around $69,000. Finally, Sign Pointe Advisors LLC obtained a brand-new position in Eastman Kodak in the very first quarter worth roughly $83,000. Institutional investors as well as hedge funds own 44.78% of the business's stock.

Concerning Eastman Kodak (NYSE: KODK).

Eastman Kodak Company offers equipment, software application, consumables, and also solutions to customers in the industrial print, packaging, publishing, manufacturing, and enjoyment markets worldwide. The company operates through Traditional Printing, Digital Printing, Advanced Materials as well as Chemicals, as well as Brand name.